ETH.X Ethereum

Investors have been eagerly awaiting the SEC's decision on Ethereum ETFs. Final decisions for VanEck and Ark&21Shares applications will be made on May 23 and 24. Continue Reading: Investors Anticipate SEC Decision on Ethereum ETFs

Leon Waidmann, an on-chain analyst, reported that the economic profitability of Solana has surpassed Ethereum's for the first time ever. The report comes just after the altcoin hit a new milestone, as its daily economic value exceeded $2.2 million.

The ongoing legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple is nearing a crucial juncture as both parties prepare to file their opposition briefs regarding sealing confidential information. May 20 marks the next significant date in the lawsuit, as Ripple attempts to protect sensitive business details. Ripple’s Request for Confidentiality Earlier, The post XRP News: Here’s Why May 20 is the Next Key Date In Ripple vs SEC Case appeared first on Times Tabloid - Latest Cryptocurrency News, Bitcoin (BTC) News, Ethereum (ETH) News, Shiba Inu (SHIB) News, Ripple's XRP News .

XRP Ledger transactions increased by 108% in Q1 2024, reaching 251.39 million.

Solana (SOL) is riding a wave of investor confidence, with its price steadily climbing towards uncharted territory. This bullish trend has analysts scrambling for their charts and telescopes, predicting a potential price explosion that could propel SOL to its all-time high (ATH) and beyond. However, amidst the excitement, some experts urge caution, reminding investors that cryptocurrency seas can be treacherous. Related Reading: ADA Price Surge Could Push Ratio Of Holders In Loss Below 55% Solana Sets Sail For Higher Ground The past week has been a banner one for Solana. The price has surged nearly 20%, surpassing a key resistance level at $150 and finding support above it. This breakout is seen as a significant technical victory, indicating a shift in investor sentiment and potentially paving the way for further gains. Adding fuel to the fire are bullish pronouncements from prominent crypto analysts. Alex Clay, a well-respected figure in the space, has set his sights on a price target of $329 for SOL, citing a promising weekly chart structure and a recent consolidation period. #Solana Weekly Structure looks awesome🧐 Consolidation below the Key Resistance Zone followed by breakout above the one → Now we have a retest of broken resistance as a support Breakout of ATH is imminent🚀 🎯 1 Target we should meet → 328.6$#SOL $SOL pic.twitter.com/OW4xbnkXOj — Alex Clay (@cryptclay) May 18, 2024 Technical Tailwinds Fill The Sails So what’s driving this bullish sentiment? Technically, the successful breakout above resistance and the formation of a bullish chart pattern known as an “inverse head and shoulders” are positive signs. Additionally, Solana’s strong fundamentals, including its reputation for fast transaction speeds and scalability, continue to attract investors. Uncharted Waters: Potential Storms On The Horizon While the current outlook for Solana is bright, some experts advise investors to exercise caution. The cryptocurrency market remains highly volatile, and unforeseen events can quickly disrupt even the most meticulously charted course. The recent price increase has been impressive, but the 24-hour growth remains modest, suggesting a potential for short-term fluctuations. Need For Speed Meanwhile, with its real daily average transactions per second (TPS) hitting a record high of 1,504 on April 6 of this year in the face of the memecoin fever, Solana has proven to be the fastest big blockchain. As a result, Solana is now 46 times faster than Ethereum and over five times faster than Polygon, the Ethereum scaling solution with the greatest TPS. This remarkable achievement underscores Solana’s technological prowess and its capacity to handle high transaction volumes efficiently. The network’s ability to maintain such speed during peak demand periods, like the recent memecoin craze, highlights its robustness and scalability. Related Reading: Floki Inu Frenzy: Memecoin Eyes New Highs As Open Interest Soars This performance advantage not only enhances user experience by minimizing delays and lowering transaction costs but also positions Solana as a formidable competitor in the blockchain ecosystem. Featured image from National Geographic, chart from TradingView

Ethereum founder Vitalik Buterin focused on the problems and solutions of Ethereum in his statement. Continue Reading: Important Statements from Vitalik Buterin, Wrote About Ethereum’s Problems and Solutions – “Traditional Finance Could Revive If It Fails”